Nido completes Galoc Production acquisition

Offshore staff

WEST PERTH, Australia – Nido Petroleum Ltd. (ASX:NDO) has finalized all remaining conditions with respect to the transaction and has completed its acquisition of 100% of Galoc Production Co. WLL.

Nido, via its wholly owned subsidiaries Nido Production (Galoc) Pty Ltd. and the Galoc Production Co. WLL, holds a combined 55.88% working interest in the Galoc oil field, located in Service Contract 14C1 in the Philippines.


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